EFCC Charges Ex-Banker Chinonso Akujobi with Theft

The Economic and Financial Crimes Commission (EFCC) arraigned Chinonso Akujobi, a former employee of New Generation Bank, on Thursday for allegedly stealing N294,595,992. The arraignment took place before Justice O.

Ijelu at the State High Court in Ikeja, Lagos. Akujobi faces five counts of theft, with the prosecution alleging that he, between January and December 2025, dishonestly accessed and converted funds from Access Bank PLC for personal use.

Specifically, he is accused of stealing N109,325,566.86 from Access Bank account number 0036668871, registered under the name Chinonso Uchechi Florence. The charges contravene Section 280 and are punishable under Section 287 of the Criminal Law of Lagos State 2015.

Akujobi pleaded not guilty to the charges, and the prosecuting counsel, S.M. Yabo, requested a trial date.

The court subsequently adjourned the case until October 8, 2026, for a hearing on the bail application and commencement of the trial, ordering that the defendant be remanded at Ikoyi Correctional Centre.